![Addition on the Basis of Estimation cannot be a Ground for imposing Penalty: ITAT Pune [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/12/No-Penalty-Taxscan.jpg "Addition on the Basis of Estimation cannot be a Ground for imposing Penalty: ITAT Pune [Read Order]")
Addition on the Basis of Estimation cannot be a Ground for imposing Penalty: ITAT Pune [Read Order]
In Arya Hybrids Seeds Ltd v. DCIT, the ITAT, Pune bench held that addition on the basis of estimation cannot be a ground for imposing penalty though...
![Penalty cannot be levied when there is a bonafide confusion over the Constitutionality of Levy of Tax: Mumbai CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/No-Penalty-TaxScan.jpg "Penalty cannot be levied when there is a bonafide confusion over the Constitutionality of Levy of Tax: Mumbai CESTAT [Read Order]")
Penalty u/s 271(1)(c) is Leviable only If the Assessee Files Incorrect, Erroneous or False Return: ITAT Hyderabad [Read Order]
The division bench of the ITAT Hyderabad recently ruled that penalty under section 271(1)(c) of the Income Tax Act cannot be levied if there is no finding that the return filed by the assessee is...
![Penalty u/s 271(1)(c) is Leviable only If the Assessee Files Incorrect, Erroneous or False Return: ITAT Hyderabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/Penalty-TaxScan.jpg "Penalty u/s 271(1)(c) is Leviable only If the Assessee Files Incorrect, Erroneous or False Return: ITAT Hyderabad [Read Order]")
Penalty is not leviable on Ground of Mere Disallowance of Expenditure Claimed: ITAT Mumbai [Read Order]
In a recent ruling, the Mumbai ITAT quashed the penalty proceedings initiated against the assessee under section 271(1)(c) of the Income Tax Act and held that penalty cannot be levied merely on ground...
Penalty cannot be Levied where the Assessee has relied on Legal Opinion of a Professional and there is No Tax Impact: Punjab & Haryana HC [Read Judgment]
In a recent ruling the division bench of the Punjab & Haryana High Court refused to interfere the order of the Appellate Tribunal deleting the penalty imposed on the assessee under section...
![Penalty cannot be Levied where the Assessee has relied on Legal Opinion of a Professional and there is No Tax Impact: Punjab & Haryana HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Punjab-and-Haryana-High-Court-Tax-Scan.jpg "Penalty cannot be Levied where the Assessee has relied on Legal Opinion of a Professional and there is No Tax Impact: Punjab & Haryana HC [Read Judgment]")
Mere Non-Disclosure does not lead to Penalty u/s 27(3) of the TNVAT Act: Madras HC [Read Judgment]
In a recent ruling, the single bench of the Madras High Court observed that mere non-disclosure cannot be sole ground for invoking penalty under section 27(3) of the Tamil Nadu VAT Act.In the opinion...